Bank Audi Calls for Extraordinary General Meeting
Bank Audi’s board of directors invited all holders of common shares to attend an Extraordinary General Meeting that will be held at the bank’s headquarters in Audi Plaza, Bab Idriss, Beirut Commercial Central District on July 21, 2017 at 10:00 a.m. The meeting’s agenda will include several, of which:
- The cancellation of the Series “F” Preferred Shares and the increase of the Bank’s capital in order to round the nominal value of each individual share up to LL 1,663 (the equivalent $1.1)
- The increase of the Bank’s capital through the issuance of a new series of preferred shares
- The listing of newly-issued preferred shares on the Beirut Stock Exchange;
Audi Bank’s Financial Highlights for Q1 2017
| In millions of USD | 31-Dec-16 | 31-Mar-17 | YTD |
| Total Assets | 44,267 | 43,921 | -0.78% |
| Net loans and Advances to Customers at Amortized Cost | 17,069 | 16,848 | -1.29% |
| Customers’ Deposits at Amortized Cost | 35,416 | 35,406 | -0.03% |
| Total Shareholders’ Equity | 3,698 | 3,792 | 2.54% |
| Profit for the Year* | 110.18 | 110.20 | 0.02% |
*March 31, 2016
Source: BSE
